Avi Felman × Jonah Van Bourg

Hyperscalers’ $600–700B data-center spending has largely been priced in, and cracks are shifting attention from AI demand to what AI changes across the real economy.Avi favors short Accenture and long XBI/ARKG while warning that volatile memory proxies are not the same as buying suppliers’ products; Micron earnings and biotech’s 50% drawdown test remain key risks.

Peter Diamandis × Salim Ismail × Dave Blundin × Alexander Wissner-Gross

AI has become Davos’ dominant economic story, with roughly $50 trillion in annual human labor, only a few hundred billion dollars spent on infrastructure, and opportunity spanning chips, power, AI factories, and applications.The US retains better frontier models and chips, but China’s power buildout, deployment speed, and 83% versus 39% AI optimism could outweigh benchmarks, while energy timelines and agent rails remain deployment risks.

李翔 × 李丰

中美关税升级更像签约前的极限施压，双方围绕产业规模、科技升级与制造业利益重新争夺谈判框架。稀土components审查体现镜像反制，若巴以、俄乌与关税不确定性阶段性收敛，全球资金可能重新配置中国资产，但黄金由央行和配置资金转向居民接棒的风险需要监测。

David Yaffe-Bellany

Social platforms have made borderline outrage a scalable growth mechanism, with X recording more first-time US downloads than on any previous day after Charlie Kirk’s assassination, even as most Americans showed no nationwide surge toward violence.A $2 billion UAE crypto transaction involving World Liberty Financial coincided with a tentative opening for advanced Nvidia-chip exports; the overlapping interests and timing raise conflict risks without proving a quid pro quo.

Bill Gurley × Brad Gerstner

The repeal of the Biden diffusion rule has redirected US AI policy toward partnership, accompanying $1T commitments each from Saudi Arabia, Qatar and the UAE and a 5GW UAE-US AI campus with 2.5M GPUs.Tariffs now appear closer to the Bessent route at roughly $300B, while the reconciliation bill adds stimulus without solving the deficit; H20 approval and China’s open-source momentum remain key watchpoints.

Chamath Palihapitiya × Jason Calacanis × David Sacks × David Friedberg × Joe Lonsdale

The panel frames tariffs as a border lever, industrial-policy experiment, and attempt to rebase dollar dependence, with predictable rates favoring commodities and sectors that have domestic substitutes.CoreWeave shows the other side of the AI infrastructure trade: $1.9 billion of 2024 revenue and 250,000 Nvidia GPUs alongside almost $8 billion of debt, nearly $1 billion of losses, and roughly 60% Microsoft concentration.